Abstract: The prospect of central banks issuing digital currency (CBDC) immediately rais- es the question of how this new form of money should co-exist and interact with existing forms of…
Abstract: This paper develops a new theory of seigniorage suited to modern economies where the majority of money is created not by the state or central bank but by commercial…
https://youtu.be/y4imx-nSu6YPayPal, WeChat,Amazon Go – A totalitarian world currency in the makingIntroduction and overviewThe futureof payments has arrived in early 2018, when the first Amazon Go store openedits gates for the…
Consensus mechanisms validate and authenticate the transactions of a distributed ledger without the need to trust or rely on a central authority. They are the centerpiece of any cryptocurrency. Current…